Member Info for Soupdragon78

Good point Sam, always trying to find a clarity in communicating figures. What the numbers do show is that a lot needs to happen to increase the LEG sp, and VS valuations will only happen at intervals of their own choosing. Those invested purely have to sit and wait. They don't have a choice. After all, we are only tiny shareholders in a company who own a small percentage of VS.

What is quite clear is the dilutive effect of the warrants and that LEG is very much under the radar. Hence the small number of trades on a daily basis. It will only be with clarity on VS valuation that LEG sp will improve. Some of us are used to investing in small private companies so understand that this can take a long time. Others here clearly aren't cut out for this level of risk

VS has 6,388,947 shares in issue LEG own 447,428 shares in VS LEG has 2,964,636,893 shares in issue. Nick Jenkins bought in and valued the company at £58m This gives a VS share price of £9.078 Therefore at this valuation LEG's holding is worth £4.062m or 0.00137p shareprice. So, the difficulty is placing a value on the contract achieved since that point in time. If we say that VS is now worth £100m then LEG's share of this would be as follows VS = £100m then LEG sp value = 0.00236p VS = £125m then LEG sp value = 0.00295p VS = £150m then LEG sp value = 0.00354p

I've posted my figures on how I value LEG. Now post yours.... you fail to produce any sign of research, hence you're impossible to take seriously.

The question really is whether VS should be valued at £200m? We know that they have revenues of £1.35m That works out at 22p per share in VS. So if we apply a healthy p/e ratio of say 60 to that we get a valuation of £84.5m. Which means LEG stake is worth about £5.8m or about the current sp. To achieve a £200m value VS would be trading on a mulitple of 142! Until they show they can start to earn money from these contracts they won't be valued at such a level. Unlike tech companies such as Snap etc, VS don't earn from advertising, they solely earn on transaction.

I'm all for constructive criticism, but not doing even the most basic research yet claiming to hold for years is just amateur.

luckyjohn, Zaf won't do that because it would more than likely hit the LEG share price. There are two ways of valuing VS. Either by looking at how much someone is willing to pay for shares, or by how much the company makes. It can be measured by how much someone is willing to pay for its shares, as was the case when Nick Jenkins bought some which equated to about £9.15 per VS share, giving a MCAP of £58m This would make LEG's stake worth about £4m. So you would argue that they have struck deals since then, but the problem is nobody has bought any VS stock, so we don't know what people are willing to pay for it. The other way is to value a company based on its revenues, the last reported for VS were revenues of £1.35m. This equates to an EPS of about 21p. So if VS was valued at £9.15 per share this gives a p/e of 43. For Zaf to say that the VS shareprice is now higher he would have to either prove revenues had increased (as we hope they have) or he would have to justify a higher p/e ratio, which is extremely subjective. The risk is that the market looks at the figures and says that VS isn't worth £9.15 per share on current revenues.

LEG's break even point for Amedeo is 26p. So not 100% down, as that would mean it had zero value.

interesting auto-censoring of the last sentence of my post there, not seen that before.

TotalWealth (or PP the proven liar from advfn), the selling is purely down to warrants as you would know from your research. LEG isn't a take over target, anyone wanting VS stock would approach the company first as happened with Nick Jenkins. ps. Zac can announce news, just like he said ****hone Warehouse was one of the two household names.

luckyjohn, looks like you forgot the key bit of info in your quote.... that it refers to next summer! "NHS is expected to be rolled out to trusts by summer 2018"

"Used to be invested here..." Then you'll know that Zafar Karim is the man at LEG and not Zak Mir.

Now that you don't work you'll be going to the AGM to ask your questions? Will I see you there this year?

Sounds like you need to calm down, don't get so tetchy. I'm only responding as you were posting. Not focussing on you as you will see I was commenting on Kenners post which you latched onto. Just relax, if you've been here since 2012 you'll be happy with the progress. After all it was an obvious sell on the spike up to 0.4p.

Perhaps if you were that bothered you'd have managed to go at least once in 5 years. Obviously now you post on here during work hours you're not that busy. Always amuses me how keyboard warriors never manage to actually ask their questions face to face given the opportunity.

Fair enough, so if you've been here five years, have you asked those questions at the AGM?

When Zaf did his interview with Zak Mir, questions could be sent in to be asked. A couple of mine were asked. Did you send in that question for Zaf to answer?

Not sticking up for the board, I have my criticisms, but to some here display the classic symptoms of amateur small pi's. They think that contract wins should pump the price and expect results within absurdly short time frames, they don't read the balance sheets to understand whether a company actually does make money from its existing contracts and they fall in love with the story they want to unfold, not the story that is actually unfolding. If you don't have the patience then investing in high risk small private companies is not the game for you. Go to the bookies if you want instant results.

The problem we have here is that small pi's have invested in LEG which is basically a one trick pony with its holding of VS. Also most small pi's don't have the patience to invest in private companies which only report once a year in a very limited fashion. If you believe in VS then you'll be here for a duration of years not months. They have the contracts, now they need to make money from them. The sp will not move until they can prove the contracts are profitable.

NHS having a few problems using the Edge from VS. https://www.hsj.co.uk/topics/finance-and-efficiency/amazon-style-nhs-procurement-platform-delayed/7017343.article